Record leasing activity - Co signed an all-time high 124 comparable retail leases in Q2, with cash rent growth of 15% and straight-line rent growth of 28%
Property income growth - Adjusted comparable property operating income rose 4.2% yr/yr, reflecting improved property performance
Stable occupancy - Overall portfolio occupancy and leased rates remained flat sequentially and increased slightly yr/yr; small shop leased rate also improved
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for Federal Realty Investment Trust is $130.00, about 4.8% above its July 30 closing price of $124.09
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 36 three months ago
FRT•
